Market insights

Market Comment - 11th April 2023

Good morning,

Friday's non farm payrolls in the US came in broadly in line with expectations at 236k jobs gained in March. This led to GBP/USD starting this week much as it left last week.

Against most of the major currencies the Pound is generally tracking sideways at the moment with little volatility after a long weekend.

Chinese inflation numbers came in slightly lower than expectation at 0.7% annual growth. This saw GBP/CNH move to the upside.

Business news centres on the cost of living situation and the junior doctor industrial action. Like for like retails sales increased by 5.1% year on year which is encouraging. However most of that is cited to be because more people are entertaining at home rather than going out.

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Today’s Economic Calendar

EUR: 10:00 Retail Sales

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As ever we look forward to keeping you in the loop and look out for our next update.

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Economic calendar

As ever we look forward to keeping you in the loop and look out for our next update.

Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.

Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.

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